Benefiting from the growth of downstream logistics and warehousing demand and the increase in the electrification rate, the sales of domestic forklift products will grow steadily. Due to the advantages of energy saving and environmental protection, the sales growth of electric pallet truck
products will increase faster and the proportion of products will further increase. According to the forward-looking database data, the cumulative sales of forklifts in my country from January to November 2016 reached 337,000 units, an increase of 11.52% year-on-year. It is expected that the annual sales of forklifts are expected to exceed 360,000 units, reaching a record high. The following is the sales and growth rate of China's forklift trucks from January to November 2016: Except for the year-on-year decline in forklift sales in January and April, the other months achieved year-on-year growth. The monthly growth rate from August to November reached 20%. In terms of products, the cumulative sales of electric forklifts from January to October was 113,600, a year-on-year increase of 15.76%; the cumulative sales of internal combustion forklifts was 190,500, a year-on-year increase of 6.59%. The growth rate of electric products was significantly faster than that of internal combustion forklifts. Due to the increasing demand for warehousing and distribution in the logistics industry, the sales of electric forklifts are growing faster than that of internal combustion forklifts and their proportion is further increasing. The forklift industry is developing from internal combustion to electric. In the long run, the forklift industry will continue to benefit from the increase in the total logistics volume, the increase in labor costs and the increase in global market share. According to the calculation of the Prospective Industry Research Institute, the market space of forklifts will increase from 14.8 billion yuan to 19.3 billion yuan from 2016 to 2020. This round of demand recovery is consistent in many fields on the time scale. Recently, demand in construction machinery, machine tools, robots and other fields has improved, and the recovery in midstream manufacturing demand is spreading from point to point. At the same time, the forklift industry has not been affected by crazy promotions, nor has the adverse consequences of large-scale credit sales in the construction machinery industry. Therefore, in the process of industry recovery, it will be very intuitively reflected in the sales of new machines.
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